116/5 Dudley Street, Caulfield East VIC 3145

Student housing near Monash | 15%+ rental yield | negative capital growth | turnkey furnished unit This property offers a rare combination of very high rental yield and low entry price within walking distance of Monash University Caulfield. The purpose-built student accommodation design, with 70% renter occupancy and fully furnished studios including utilities, creates a turnkey investment that minimises vacancy risk and management burden. For an investor prioritising cash flow over capital appreciation, this unit serves as a reliable income-producing property in a location with consistent student demand. The primary risk is sustained negative capital growth, with comparable sales showing annual declines of 1-2% over 8-9 year holding periods. This property has not appreciated in over a decade, and the building’s high renter ratio may limit future price recovery. However, the current listing price sits below recent comparable sales and well below the estimated market value, presenting an opportunity to acquire at a discount. The off-market potential after listing could allow negotiation below the already low price guide.